Saptak Chem & Business Limited successfully conducted its annual independent directors meeting on March 14, 2026, fulfilling mandatory regulatory requirements for the financial year 2025-26. The meeting was held at the company's registered office located at 6th Floor, B-Wing, B D Patel House, Naranpura, Ahmedabad.

Meeting Details and Compliance

The independent directors meeting was conducted in accordance with Regulation 25(3) of the Securities and Exchange Board of India (LODR) Regulations, 2015, read with Schedule IV of the Companies Act, 2013. The session commenced at 3:00 PM and concluded at 3:30 PM, spanning exactly 30 minutes.

Key Agenda Items Reviewed

The independent directors conducted a comprehensive evaluation covering multiple aspects of corporate governance and board effectiveness. The meeting addressed three primary areas of assessment as mandated by regulatory requirements.

The directors undertook the following evaluations:

• Board Performance Review: Assessed the performance of non-independent directors and evaluated the board of directors as a collective entity
• Leadership Assessment: Reviewed the performance of the company's chairperson, incorporating feedback from both executive and non-executive directors
• Information Flow Analysis: Evaluated the quality, quantity, and timeliness of information flow between company management and the board of directors

Regulatory Significance

This meeting represents a crucial component of the company's corporate governance framework, ensuring independent oversight of board operations and management effectiveness. The assessment of information flow between management and the board is particularly significant as it ensures directors can effectively discharge their fiduciary duties.

Company Information

Saptak Chem and Business Limited operates from its registered office in Ahmedabad and maintains active communication channels through its website www.saptakchem.com . The company's shares are listed on BSE Limited under scrip code 506906, and it operates under CIN L24299GJ1980PLC101976.

Saptak Chem & Business Limited has announced the resignation of its Independent Director Mr. Chirag Nanavati, effective March 13, 2026. The decision was formally accepted during a board meeting held on the same date, as disclosed under Regulation 30 of SEBI listing regulations.

Board Meeting Details

The board meeting was conducted on March 13, 2026, from 4:30 p.m. to 5:00 p.m., where directors addressed key governance matters. The meeting outcomes included the acceptance of Mr. Nanavati's resignation and a review of other company business matters.

Resignation Details

Mr. Chirag Nanavati submitted his resignation letter citing pre-occupation in other activities as the primary reason for stepping down from his role. In his resignation communication, he expressed gratitude to the board for their cooperation during his tenure as Independent Director.

The company has confirmed that Mr. Nanavati holds no shareholding in the company and has stated there are no material reasons for his resignation other than those mentioned in his resignation letter.

Regulatory Compliance

Saptak Chem and Business Limited has fulfilled its disclosure obligations by providing comprehensive details as required under SEBI regulations. The company submitted the necessary documentation to BSE Limited, ensuring transparency in corporate governance matters.

The resignation represents a routine corporate governance change, with the company maintaining its commitment to regulatory transparency and proper board composition management.